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|Trust information||||
|Trustees' report|||2-4|
|Independent
Examiner's|report|||
|Statement of financial|activities|||
|Balance sheet||||
|Notes to the accounts|||8-14|
|Management
accounts|(for trustees'|use only)|15|
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|Charity Registration|Charity Registration|Number|Number|1001360England|1001360England|and|Wales|Wales|Wales|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Trustees||||Graham Jagger|(Chairman)||||' (resigned|||6.10.20)||||
|||||Gay Edwards
(Chairman)
Janet Fitzjohn
(Management|||||(appointed 6.10.20)
Committee
chair)|||||' (resigned 23.7.20)||
|||||John Hunter
(Management|||||Committee|||Joint Chair pro tern)'||||
|||||Lesley Wright
(Management||||||Committee|||Joint Chair||pro tern)'|
|||||Edward Probert|representing|||||The|Dean||of Salisbury||(ex officio)|
|||||John Beckett *||||||||||||
|||||Hadrian
Cook||||||||||||
|||||Nicola Halls||||||||||||
|||||Thomas Harriott||||||||||||
|||||Ruth Hawley||||||||||||
|||||John le Quesne*||||||||||||
|||||Alison Grant Morris||||||||||||
|Management|Committee|||The trustees
marked|||*are on the||||Management|||Committee||
|||||Strutt
&.Parker|-|land|agent|||||||||
|Address||||Rose Cottage||||||||||||
|||||Town Path||||||||||||
|||||Salisbury||||||||||||
|||||SPZ BEIJ||||||||||||
|Officers||||Hon Secretary:|||Felicity Rickard|||||||||
|||||Hon Treasurer:|||Nicola|||Halls||||||
|Bankers and|Investment||Managers|Lloyds Bank Plc|||||||CCLA|||||
|||||38 Blue Boar Row|||||||Senator House|||||
|||||Salisbury|||||||85 Queen Victoria Street|||||
|||||Wiltshire|||||||London|||||
|||||SP1 1DB|||||||EC4V||4ET|||
|Land Agent||||Strutt ft Parker||||||||||||
|||||41 Milford Street||||||||||||
|||||Salisbury||||||||||||
|||||Wiltshire||||||||||||
|||||SP1 ZDP||||||||||||
|Independent|Examiner|||Richard
M V Allen||||||||||||
|||||Fawcetts||||||||||||
|||||Chartered
Accountants||||and|Registered|||Auditors||||
|||||Windover
House||||||||||||
|||||St Ann Street||||||||||||
|||||Salisbury||||||||||||
|||||Wiltshire||||||||||||
|||||SP1 2DR||||||||||||
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||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|E|E|E|E|
|Fixed Assets:||||||||||
|Intangible
assets|||||||220||220|
|Tangible fixed assets||||||||||
|Freehold property|||||||248,149||248,149|
|Equipment|||||||||218|
|Water meadows|||||||92,593||92,593|
||||||||340,742||340,960|
|Investments||||||||||
|Investments|||||||94,080||77,945|
|Total fixed assets|||||||435,042||419,125|
|Current assets:||||||||||
|Debtors||||||||||
|VAT recoverable||||||||126||
|Other debtors|and prepayments|||||2,414||6,314||
||||||9|2,414||||
|Cash at bank and|in|hand||||||||
|Current
accounts||||||40,040||41,9D5||
|Subscriptions|account|||||25,466||18,881||
|COIF Charities|Deposit Fund|||||17,972||15,201||
|||||||83,478||75,987||
|Total current assets||||||85,892||82,427||
|Liabilities:||||||||||
|Creditors: Amounts||falling due|within|one year|10|6,245||7,059||
|||||||6,245||7,059||
|Net current assets or liabilities|||||||||75,368|
|Total net assets or||iiabiiities|||||514,688||494,493|
|The funds ofthe charity;||||||||||
|Unrestricted
Income Funds||||||||||
|AppealFund|||||||94,979||94,979|
|Meadows
Management|||||||179,896||159,701|
|Hedges|||||||1,610||1,610|
||||||11,13||276,485||256,290|
|Restricted
Income Funds||||||||||
|Educational
Projects|||||||12,990||i2,990|
|Rose Cottage|Fund||||||225,213||225,213|
||||||11,13||238,203||238,203|
|Total charity funds|||||||s s.ess||494,493|
|Signed on behalf|of th~etr||s by|||||||
|Trustee: ...~||||||||||
|Approved
by the|Trustees on ...2b.:**.**.j..tr.~+l|||||||||
||||The notes on pages 8to 14form part of these financial statements|||||||
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||The charity|only has|financial|financial|assets|assets|and financial|and financial|liabilities|of|a kind that qualify|a kind that qualify|as basic|as basic|financial|instruments.|instruments.|instruments.|Except for the|Except for the|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||investments,|which are||measured||at|market value,||basic financial
instruments|||are initially|||recognised||at|transaction||value and|
||subsequently|measured||at their settlement||||value.|Debtors|and|creditors are recognised|||at|the settlement|||amount|due after any||
||trade discounts
offered.|||Cash at||bank and||in hand|includes|cash and short-||term|highly|liquid
investments||||with|a short- term||
||maturity
of|3 months|or|less|from|the|date|of acquisition
or||opening of the deposit|||account.||||||||
|2.|Income from charitable|||activities|||||||||||||||||
||||||||||||||2021|||||||2020|
||Meadows Management||||||||||||E|||||||E|
||Rent and Licences for grazing||||and|fishing|||||||2,119|||||||2,057|
||Grants from|Heritage|Lottery||Fund/Wiltshire|||Council (restricted|||fund)|||||||||947|
||Grants from|DEFRA /Natural|||England|||||||17,287||||||||17,716|
|||||||||||||19,406||||||||20,720|
||Grants from|Natural|England||include||E3,480 (2020:||Enil) in respect ofeducational||||access|visits in 2019/20.|||||||
|3.|Investment|income|||||||||||||||||||
||||||||||||||2021|||||||2020|
||||||||||||||E|||||||E|
||COIF dividends||||||||||||2,753|||||||2,357|
||COIF deposit|account|interest||||||||||13|||||||89|
||||||||||||||2,766|||||||2,446|
|4.|Expenditure||||||||||||||||||||
||||||||||||||2021|||||||2020|
||Expenditure|includes|||||||||||E|||||||E|
||Operating
lease rentals||||||||||||2,200|||||||2,200|
||Governance|costs - Independent
examiner's||||||fee|||||700|||||||700|
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||No members|of staff were employed|of staff were employed|in|the current|year.|None of the|trustees|received|any emoluments|or reimbursement
of|
|---|---|---|---|---|---|---|---|---|---|---|---|
||expenses
during the year (2020: ENil).|||||||||||
||Accountancy|services were donated||by Fletcher R Partners,|||in which a|trustee|is a partner|(see note 14).||
|5.|Charitable|activities|||||||2021||2020|
||||||||||E||E|
||Meadows maintenance||||||||9,780||14,119|
||Meadows rent and insurance
and||EA|advertising/abstraction|||licence||4,832||5,677|
||Educational|events and open days|||||||||73|
||Rural Crafts|Heritage Project (restricted|||fund)||||||9,851|
||Support costs (see note 6)||||||||17,750||20,467|
||||||||||32,362||50,187|
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|6.|Support and|Governance|Governance|costs|costs|costs||||||||||2021|2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||E||E|
||Land agent|||||||||||||||7,500|||6,000|
||Accountancy|and Financial|||administration||||and|legal fees||||||6,000|||6,521|
||Rose Cottage|utilities|and|repairs/ma(ntenance||||||(restricted|fund)|||||2|232||4,750|
||Depreciation|of equipment|||||||||||||||218||1,312|
||Office costs,|stationery|and||postage,|||miscellaneous||||||||1,100|||1,184|
||Governance|costs - independent|||||examination||||||||||700||700|
|||||||||||||||||17,750|||20,467|
|7.|Tangible fixed assets|||||||||||||||||||
||||||||||||||49 acres|||Rose||||
||||||||||||||of meadows|||Cottage||Equipment|Total|
||||||||||||||||E||E|E|E|
||Cost at 1 April 2020|||||||||||||92,593||248,149||3,936|344,678|
||Additions|||||||||||||||||||
||Cost at 31 March 2021|||||||||||||92,593||248,|149|3,936|344,678|
||Depreciation|||||||||||||||||||
||At I April 2020|||||||||||||||||3,718|3,718|
||Charge for the year|||||||||||||||||218|218|
||At 31 March|2021||||||||||||||||3,936|3,936|
||Net Book Value at 31.3.2021|||||||||||||92,593||248,|149||340,742|
||Net Book Value at 1.4.2020|||||||||||||92,593||248,149||218|340,960|
|8.|Investments|||||||||||||||||2021|2020|
||Unlisted
common
investment|||||funds||||||||||||E|E|
||Market value|at I April|2020|||||||||||||||77,945|40,822|
||Additions||||||||||||||||||40,000|
||Change in value|||||||||||||||||16,135|(2,877)|
||Market value|at 31 March||2021||||||||||||||94,080|77,945|
||The investments'
historical||||cost is E70,000 and|||||they form|part|of|the unrestricted|||funds ofthe||||
||charity. The|investments||consist|||of units||in the|COIF Charities||Investment||Fund|income units.|||||
|9.|Debtors|||||||||||||||||2021|2020|
|||||||||||||||||||E|E|
||Trade debtors||||||||||||||||||487|
||VAT recoverable||||||||||||||||||126|
||Gift Aid income tax recoverable|||||||||||||||||1,355|1,095|
||Prepayments|and accrued||income||||||||||||||1,059|4,732|
|||||||||||||||||||2,414|6&440|
|10.|Creditors|||||||||||||||||2021|2020|
|||||||||||||||||||E|E|
||Trade creditors|||||||||||||||||2,846|5,066|
||Accruals
and|deferred|income|||||||||||||||3,219|1,993|
||Other creditors|||||||||||||||||180||
|||||||||||||||||||6,245|7,059|
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|Current ye|ar||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Balance|||||Balance|
||||||at|incoming|Resources||Other gains/|at|
||||||01.04.20|resources|expended|Transfers|(losses)|31.03.2'1|
|Unrestricted|funds||||||||||
|Appealfund|||||94,979|||||94,979|
|General
Fund|- Meadows|||Mgt|159,700|36,423|(30,130)|(2,232)|16,135|179,896|
|Hedges fund|||||1,610|||||1,610|
|Total unrestricted|||funds||256,289|36,423|(30,130)|(2,232)|16,135|276,485|
|Restricted funds|||||||||||
|Educational
Project|||||12,990|||||12,990|
|Rose Cottage|||||225,213||(2,232)|2 232||225,213|
|Total restricted||funds|||238,203||(2,232)|2,232||238,203|
|Total funds|||||494,492|36,423|(32,362)||16,135|514,688|
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|Previous y||ear||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Balance|||||Balance|
|||||||at|Incoming|Resources||Other gains/|at|
|||||||01.04.19|resources|expended|Transfers|(losses)|31.03.20|
|Unrestricted||funds||||||||||
|Appeal fund||||||94,979|||||94,979|
|General
Fund||- Meadows|||Mgt|163,079|39,909|(35,586)|(4,824)|(2,877)|159,701|
|Hedges fund||||||1,610|||||1,610|
|Total unrestricted||||funds||259,668|39,909|(35,586)|(4,824)|(2,877)|256,290|
|Restricted funds||||||||||||
|Rural Crafts|Project|||||8,830|947|(9,851)|74|||
|Educational|Project|||||12,990|||||12,990|
|Rose Cottage||||||225,213||(4,750)|4,750||225,213|
|Total restricted|||funds|||247,033|947|(14,601)|4,824||238,203|
|Total funds||||||506,701|40,856|(50,187)||(2,877)|494,493|
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|At 31 March|2021 the|total of future|total of future|minimum|lease payments|under non-cancellable|under non-cancellable|operating|leases for each of|leases for each of|
|---|---|---|---|---|---|---|---|---|---|---|
|the following|periods|was as follows:|||||||||
||||||||2021|||2020|
|||||||||E||E|
|Not later than one year|||||||550|||2,200|
|Later than one year and not later than five years||||||||0||550|
|There were no capital||commitments||at 31 March 2021 or 31 March 2020.|||||||
|Analysis ofnet assets||between|funds||||||||
|This year||||||||Net|Current||
|||||||Fixed|||Assets/|Total|
|||||||Assets|Investments|(Liabilities)||Net Assets|
|||||||E|||E|E|
|Unrestricted|funds||||||||||
|Appeal
Fund||||||92,593|||2,386|94,979|
|Meadows Management||Fund||||220|94,080||85,596|179,896|
|Hedges Fund|||||||||1,610|1,610|
|Restricted
funds|||||||||||
|Educational|Projects||||||||12,990|12,990|
|Rose Cottage|Fund|||||248,149||(22,936)||225,213|
|||||||340,962|94,080||79,646|514,688|
|Last year|||||||||||
|Unrestricted|funds||||||||||
|Appeal
Fund||||||92,593|||2,386|94,979|
|Meadows Management||Fund||||438|77,945||81,318|159,701|
|Hedges
Fund|||||||||1,610|1,610|
|Restricted
funds|||||||||||
|Educational|Projects||||||||12,990|12,990|
|Rose Cottage|Fund|||||248,149||(22,936)||225,213|
|||||||341,180|77,945||75,368|494,493|
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RECEIVED
Z 9 Iiov zo?1
FLF.TCHER & PAR TNER8